Our Fundamental wing recommends to buy VICEROY HOTELS (BSE Code: 523796) for delivery.
FII DATA
FII
27/10: -1027.30 Cr. (Prov)
DII
27/10: 916.18 Cr. (Prov)
Strong & Weak futures
This is list of 10 Weak Futures:
Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.
Nifty is in Down Trend.
WISHING YOU & YOUR FAMILY A VERY HAPPY DIWALI!
NIFTY FUTURES (F & O)
Below 2503 level, selling may continue up to 2366-2368 zone by non-stop.
Hurdles at 2570 & 2613 levels. Above these levels, expect short covering up to 2748-2750 zone and thereafter expect a jump up to 2884-2886 zone.
Sell if touches 3109-3111 zone. Stop Loss at 3244-3246 zone.
On Negative Side, if breaks & sustains at below 2230-2232 zone then downtrend may continue and have caution.
Short-Term Investors:
Short-Term trend is bearish and worst may be over at around 2546 level (Already broken) on down side.
On Positive Side, short rallies up to 3085 level can be used to exit. Maintain a Stop Loss at 3265 level for your short positions too.
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FII DATA
FII
24/10: -1431.56 Cr. (Prov)
DII
24/10: 514.26 Cr. (Prov)
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Strong & Weak futures
This is list of 10 Weak Futures:
Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.
Nifty is in Down Trend.
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BSE SENSEX
Technically selling should continue.
Short-Term Investors:
Trend is Bearish & Technical target at around 8612 (Already broken) level on down side. Relief rally up to 10216 level can be used to exit. SL at 10750 level.
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DLF (NSE Cash): Likely to Fall. Technically it should go down.
If breaks & sustains at below 155 level then downtrend may continue.Hurdle at 218 level. Supply expected at around this level. This supply should get absorbed too.
RANBAXY FUTURES (NSE): Likely to Fall. Technically it should go down.
If breaks & sustains at below 144 level then downtrend may continue.
Hurdle at 198 level. Supply expected at around this level. This supply should get absorbed too.
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The Dow Jones Industrial Average closed at 8,378.95. Down by 312.30 points.
The Broader S&P 500 closed at 876.77. Down by 31.34 points.
The Nasdaq Composite Index closed at 1,552.03. Down by 51.88 points.
The partially convertible rupee <INR=IN> closed at 49.950/965 per dollar on Friday, weaker than a close of 49.81/82 on Thursday.
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Arvind Parekh
+ 91 98432 32381
